The BBC is running a great article on how Zimbabwe’s economy, which is the worst performing economy in the world, came to its current state. With serious food shortages and an inflation rate that has reached 5000%, the Zimbabwean government introduced a 200,000 Zimbabwe dollar note this week.
It is interesting to note that as a result of this hyperinflation, the Zimbabwe Stock Exchange is one of the best performing stock exchanges in the world… and that makes sense in a way because that is probably the only place where Zimbabweans can place their money and not lose it due to hyperinflation…
Posted on August 1st, 2007 by andai
Filed under: Misc
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